Happy Saturday degens! Another week in the books!
Stats/alerts/etc at top and tweets/news/links/videos/etc at bottom as always!
NOTE: The Twitter/Substack tweet-embedding function still appears to be broken, so we have screenshotted and hyperlinked them again :)
Market Updates
Crypto (from @coingecko and cryptobubbles(dot)net):
Gold: $2,017.60
Oil (WTI): $71.34
Stocks (from @news4moves):
Biggest Price Movers
(From @coingecko top 1000)
Spotlight
Do you miss the good ol’ days of euphoric yield farming yore? If so we’d like to draw your attention to what the good gents at @steadefi have been up to!
Steadefi is an extremely cool protocol on Avalanche and Arbitrum we’re helping beat the drum for, that provides a wide selection of yield strategies for discerning degens…
They provide automated risk and position management for stress-free leveraged yield farming, and also clear risk-off and risk-on tracks with transparent data on ROI.
Their current bootstrap phase allows lenders to earn esSteady before public token launch in early Q3, so make sure to check our their dApp and follow them on Twitter for more updates!
Biggest TVL Movers
Chains are mixed today. Top 30 chains green on all three timelines (daily, weekly, monthly) include Tron (#2), Arbitrum (#4), Mixin (#8), Bitcoin (#14), and Rootstock (#24).
Protocols are very green today. Top 100 protocols red on all three timelines (daily, weekly, monthly) include Beefy Finance (#27), Parallel DeFi Super App (#42), VVS Finance (#44), Osmosis Dex (#50), Quickswap (#52), Acala LCDOT (#54), Loopring (#64), Mento (#66), TraderJoe (#70), Hop Protocol (#71), Bancor (#73), Algofi (#77), Gearbox (#84), Thena (#85), Flexa (#86), SpookySwap (#87), and Canto Dex (#90).
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Other Data Points
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
Ethereum Fear And Greed Index
(from @EthereumFear):
Crypto Volatility Index
(from @CVIdaily)
Fees:
(from cryptofees(dot)info)
New Protocols
(note: this includes new protocols we find through combing Twitter each day, and we also include every (newly launched) protocol added by @defillama and @debank (excluding Tomb forks/reflection tokens/etc) - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @gravitaprotocol. Twitter bio states “An $ETH-centric Borrowing Protocol for LSTs. Fueling decentralization.”
-New protocol called @opentrade_io. Twitter bio states “OpenTrade provides web3 treasurers and institutions access to on-chain structured financial products backed by investment grade financial assets.” h/t @AresLabs_xyz:
-New protocol called @portals_fi. Twitter bio states “A yield and protocol aggregator for transaction bundling, any-to-any swaps, and real-time data. Welcome to one-click #DeFi”. h/t @AresLabs_xyz:
-New/newish protocol on zkSync called @Kannagi_Zksync. Twitter bio states “Kannagi finance is the optimized yield #Web3 aggregator on #ZKsync”.
-Something new called @cellsfi has been added to @DefiLlama. Twitter bio states “Vaults built on @PancakeSwap and @VenusProtocol Stop searching, start seizing. Grow your assets…”
Security Alerts
-DeusDAO/DEI has apparently been exploited on Arbitrum, h/t @adamb83024264 and @peckshield:
-@peckshield released the following alert re: @melotoken:
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (minimum $1M+ TVL, no-IL, single-exposure only) and @stable_fish - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Other News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-$PEPE still generating intense attention, as well as a Binance listing. H/t @WatcherGuru and @WinterSoldierxz:
-$ETH price falls after sells from Ethereum Foundation, h/t @HsakaTrades:
-Interesting story re: the SEC paying an undisclosed whistleblower $279M generated a lot of attention today:
-Thoughts on Ethereum from @NorthRockLP:
-Wise sentiments re: innovation, from @tztokchad:
-$AAVE alfa from @lemiscate:
-Very good thread of data and charts on $PEPE and meme coins in general, from @MetricsDAO:
-Excellent overview of various Ethereum L2’s from @Louround_:
-Interesting thread on stablecoin flows from @chilla_ct:
-New livestream from @leviathan_news, including a guest appearance from @CurveFinance founder @newmichwill:
-Excellent roundtable discussion of all the top stories in crypto from @thebellcurvepod featuring @MikeIppolito_, @JasonYanowitz, @pythianism, and @im_manderson:
-New video from @1MarkMoss on the debt ceiling situation:
-Parting wisdom from @loomdart:
Conclusion
Have a great Saturday friends and don’t forget to touch some grass!
And please RT/subscribe/etc if you found this valuable! :)
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Note
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https://gmx.io/?ref=thedailydegen
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.